Cash Account Records July 1, 2021, to July 31, 2021 Cash Balance July 31, 2021 55,880 Cash Balance July 1, cash 2021 Receipts $7,398 58,630 Cash Receipts Date Desc. 7/9 Sales 7/21 Sales 7/31 Sales Amount $ 2,630 3,210 2,790 Date 7/7 7/12 7/19 7/22 7/30 Cash Disbursements $10,148 Cash Disbursements Check Desc 531 Rent 532 Salaries 533 Equipment 534 Utilities 535 Advertising Amount $ 1,57e 2, e3e 4,200 970 1,37e 10, 140 $8,630 Member FDIC 2252796471 P.O. Box 123878 FIDELITY UNION Gotebo, OK 73041 You can Bank On Us (588) 377-OKTE Account Holder: Glover Incorporated Account Number: 519 Main Street Gotebo, OK 73841 Statement Date: Beginning Balance Deposits and Credits withdrawals and Debits July 1, 2021 NO. Total NO. Total $8,85e 3 $5,897 7 $ 9,957 Deposits and Credits Withdrawals and Debits Date Amount Desc. Date No. Anount Desc. 7/10 $2,630 DEP 7/2 530 $66e CHK 3,210 DEP 7/10 531 1,570 CHK 7/31 57 INT 7/14 532 2,03e GK 7/18 470 NSF 7/22 533 4,600 CHK 7/26 570 EFT 7/30 57 SF July 31, 2021 Ending Balance July 31, 2021 $ 3,990 Daily Balance Date Amount 7/2 $7,390 7/10 8,450 7/14 6,42e 7/18 5,950 7/22 4,560 7/26 3,990 7/30 3,933 7/31 $3,990 7/22 $5,897 $9,957 Desc DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds Additional Information a. The difference in the beginning balances in the company's records and the bank statement relates to check #530. which is outstanding as of June 30, 2021 b. Check #533 is correctly processed by the bank c. The EFT on July 26 relates to the purchase of office supplies Required: 1. Prepare a bank reconciliation for Glover's checking account on July 31, 2021 (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) GLOVER INCORPORATED Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Deposits outstanding Checks outstanding Bank balance per reconciliation Company balance per reconciliation